Central Bank losing grip, says Industry economist
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“It is clear that the economy is in trouble when the Monetary Policy Committee raises interest rates due to rising inflation at the same time as economic activity is slowing,” said Anna Hrefna Ingimundardóttir, assistant director and head of economics aCentral Bank losing grip, says Industry economist
“It is clear that the economy is in trouble when the Monetary Policy Committee raises interest rates due to rising inflation at the same time as economic activity is slowing,” said Anna Hrefna Ingimundardóttir, assistant director and head of economics at the Confederation of Icelandic Enterprise, in an interview with mbl.is regarding the Central Bank of Iceland’s 0.25 percentage point rate hike this morning. Read more
